Bitcoin important levels marked in the chart.
I'm bullish on bitcoin and expecting a big move up as the price is between the Diagnol resistance and support .
There is extreme fear in the market,which makes me even more bullish.
We should head towards 9200$ levels forming another lower high ,10,500$ being the most recent lower high.
I reckon our bottom is in as...
Bitcoin pumped Yesterday,22nd December 2019(Sunday) And Cme Futures opened with a big Gap on monday And as always cme gap is going to fill ,So for now i am bearish and holding short trade also Price is about to form and miss double top or potentially double top my take profit is around the cme gap
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A 6% correction is what I am expecting out from here.. before we see major fall back...
keep the liquidation points in mind for 100x , 50x, 25,
a 3x to 5.5x is the safest trade...11080$ is what market should touch.
(I am not your financial advisor... so do your reseach before you put down your investment the market)
the market states a clear upward moment... we will see some correction in the next 4 hr chart as we can in the 4 hr stoch rsi is over bought already and so is the 1 day.
keep an eye on the correction if one wants to long from here...
next big thing if we break 12388@ mark high chances we should touch 14000$ within this week.
(The chart is based on xbt)..
last time we saw a dip of 30% and then a rise of approx 36%, after which we saw a dip of 30% back again, now keeping history in mind (if repeated) we should see a rise of 36% back again making the price touch 12300$ approx within some time.
if the current resistance is broken we can see the market anywhere around 12400$ mark easily given it a push of approx 36% just like last time.... the market should break the resistance aytime within this week.
if u can see parabolic move of bitcoin on monthly chart , u can see that bottom red line acted as MAJOR support while upper red line acted as major break of parabolic move , that upper line/zone coincide with 13700-14300 zone . what oscillators r showing on HTF(weekly & monthly) that momentum is heavy & can reach till 13700 easily ..... its just an assumption ..i...